UltraTech Cement Ltd
UltraTech Cement is engaged in the manufacturing and sale of Cement and Cement related product primarily in India.[1]
- Market Cap ₹ 193,866 Cr.
- Current Price ₹ 6,716
- High / Low ₹ 7,576 / 5,157
- Stock P/E 33.9
- Book Value ₹ 1,740
- Dividend Yield 0.57 %
- ROCE 14.6 %
- ROE 14.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 21.7% CAGR over last 5 years
Cons
- Stock is trading at 3.86 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Cement Industry: Cement - North India
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
13,160 | 17,630 | 19,383 | 19,384 | 21,911 | 23,709 | 23,891 | 29,358 | 39,999 | 40,649 | 43,188 | 50,663 | 58,373 | |
10,494 | 13,482 | 14,707 | 15,566 | 17,716 | 19,082 | 18,922 | 23,475 | 32,920 | 31,997 | 32,224 | 39,727 | 48,640 | |
Operating Profit | 2,666 | 4,147 | 4,675 | 3,818 | 4,195 | 4,627 | 4,969 | 5,883 | 7,079 | 8,652 | 10,965 | 10,936 | 9,733 |
OPM % | 20% | 24% | 24% | 20% | 19% | 20% | 21% | 20% | 18% | 21% | 25% | 22% | 17% |
155 | 372 | 305 | 329 | 372 | 481 | 646 | 373 | 383 | 727 | 625 | 612 | 634 | |
Interest | 273 | 224 | 210 | 319 | 547 | 512 | 571 | 1,191 | 1,648 | 1,704 | 1,259 | 798 | 755 |
Depreciation | 766 | 903 | 945 | 1,052 | 1,133 | 1,297 | 1,268 | 1,764 | 2,321 | 2,455 | 2,434 | 2,457 | 2,562 |
Profit before tax | 1,783 | 3,393 | 3,825 | 2,776 | 2,886 | 3,299 | 3,776 | 3,302 | 3,492 | 5,220 | 7,896 | 8,293 | 7,050 |
Tax % | 21% | 28% | 31% | 23% | 30% | 28% | 30% | 32% | 31% | -5% | 32% | 15% | |
Net Profit | 1,404 | 2,446 | 2,655 | 2,144 | 2,015 | 2,370 | 2,628 | 2,231 | 2,412 | 5,456 | 5,342 | 7,067 | 5,721 |
EPS in Rs | 51.24 | 89.26 | 96.85 | 78.20 | 73.42 | 86.37 | 95.72 | 81.25 | 87.84 | 189.02 | 185.07 | 244.80 | 198.17 |
Dividend Payout % | 12% | 9% | 9% | 12% | 12% | 11% | 10% | 13% | 13% | 7% | 20% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 16% |
3 Years: | 8% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 22% |
3 Years: | 42% |
TTM: | -10% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 9% |
3 Years: | 14% |
1 Year: | -6% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 13% |
3 Years: | 15% |
Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
274 | 274 | 274 | 274 | 274 | 274 | 275 | 275 | 275 | 289 | 289 | 289 | 289 | |
Reserves | 10,392 | 12,586 | 14,961 | 16,823 | 18,583 | 21,357 | 23,666 | 25,648 | 27,634 | 38,008 | 43,064 | 48,982 | 49,937 |
4,145 | 4,153 | 5,409 | 5,199 | 7,414 | 8,250 | 6,240 | 17,420 | 20,637 | 18,282 | 18,314 | 10,776 | 11,361 | |
5,184 | 5,932 | 6,766 | 7,457 | 8,943 | 8,409 | 9,100 | 11,030 | 20,725 | 15,239 | 18,749 | 20,615 | 20,469 | |
Total Liabilities | 19,995 | 22,945 | 27,409 | 29,754 | 35,215 | 38,291 | 39,281 | 54,373 | 69,271 | 71,817 | 80,416 | 80,662 | 82,056 |
11,400 | 11,634 | 13,122 | 15,872 | 20,947 | 22,688 | 23,232 | 37,211 | 46,637 | 46,775 | 45,466 | 45,577 | 46,349 | |
CWIP | 682 | 1,897 | 3,505 | 2,042 | 2,074 | 1,416 | 878 | 1,474 | 1,111 | 870 | 1,528 | 4,627 | 5,403 |
Investments | 3,730 | 3,789 | 5,109 | 5,392 | 5,209 | 5,793 | 7,409 | 6,163 | 7,065 | 10,083 | 17,570 | 11,725 | 9,055 |
4,182 | 5,626 | 5,672 | 6,449 | 6,985 | 8,394 | 7,762 | 9,525 | 14,459 | 14,089 | 15,853 | 18,734 | 21,249 | |
Total Assets | 19,995 | 22,945 | 27,409 | 29,754 | 35,215 | 38,291 | 39,281 | 54,373 | 69,271 | 71,817 | 80,416 | 80,662 | 82,056 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,034 | 3,458 | 3,552 | 3,242 | 4,083 | 4,354 | 4,723 | 3,618 | 6,116 | 8,259 | 11,549 | 8,670 | |
-1,542 | -2,942 | -4,282 | -2,210 | -1,879 | -3,757 | -2,365 | 1,897 | -3,988 | -3,951 | -8,984 | 789 | |
-431 | -471 | 683 | -897 | -2,267 | -582 | -2,383 | -5,501 | -1,769 | -4,591 | -2,586 | -9,501 | |
Net Cash Flow | 61 | 45 | -47 | 135 | -63 | 15 | -25 | 13 | 360 | -283 | -21 | -42 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 17 | 16 | 19 | 24 | 20 | 22 | 20 | 21 | 21 | 17 | 19 | 20 |
Inventory Days | 386 | 293 | 295 | 262 | 282 | 209 | 202 | 242 | 207 | 204 | 180 | 220 |
Days Payable | 335 | 293 | 273 | 269 | 159 | 145 | 155 | 173 | 162 | 162 | 205 | 228 |
Cash Conversion Cycle | 68 | 15 | 41 | 18 | 143 | 86 | 66 | 90 | 66 | 59 | -5 | 12 |
Working Capital Days | -38 | -9 | -21 | -7 | -30 | -59 | -33 | -26 | -5 | -1 | -22 | -4 |
ROCE % | 19% | 21% | 20% | 13% | 13% | 13% | 14% | 13% | 11% | 13% | 16% | 15% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 23 Jan
-
Announcement under Regulation 30 (LODR)-Investor Presentation
21 Jan - Investor Presentation for the quarter ended 31st December, 2022.
- Financial Results For Quarter Ended 31St December, 2022. 21 Jan
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16 Jan
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Jan - Certificate under Regulation 74(5) of the SEBI (Depository and Participants Regulations), 2018 for the quarter ended 31st December, 2022.
Annual reports
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2011
from nse
-
Financial Year 2010
from bse
-
Financial Year 2010
from nse
-
Financial Year 2008
from nse
Concalls
-
Jan 2023TranscriptPPT
-
Oct 2022TranscriptPPT
-
Jul 2022TranscriptPPT
-
Jul 2022TranscriptPPT
-
May 2022Transcript PPT
-
Jan 2022TranscriptPPT
-
Dec 2021TranscriptPPT
-
Oct 2021TranscriptPPT
-
Jul 2021Transcript PPT
-
Jun 2021TranscriptPPT
-
May 2021TranscriptPPT
-
Jan 2021Transcript PPT
-
Dec 2020TranscriptPPT
-
Dec 2020TranscriptPPT
-
Oct 2020TranscriptPPT
-
Jul 2020TranscriptPPT
-
May 2020TranscriptPPT
-
Jan 2020TranscriptPPT
-
Oct 2019TranscriptPPT
-
Oct 2019TranscriptPPT
-
Aug 2019TranscriptPPT
-
Apr 2019TranscriptPPT
-
Feb 2019TranscriptPPT
-
Jan 2019TranscriptPPT
-
Dec 2018TranscriptPPT
-
Oct 2018TranscriptPPT
-
May 2018TranscriptPPT
-
May 2018TranscriptPPT
-
Apr 2018TranscriptPPT
-
Jan 2018TranscriptPPT
-
Dec 2017TranscriptPPT
-
Oct 2017TranscriptPPT
-
Sep 2017TranscriptPPT
-
Aug 2017TranscriptPPT
-
Apr 2017TranscriptPPT
-
Jan 2017TranscriptPPT
-
Nov 2016TranscriptPPT
-
Jul 2016TranscriptPPT
-
Apr 2016TranscriptPPT
-
Jan 2016TranscriptPPT
-
Oct 2015TranscriptPPT
-
Jul 2015TranscriptPPT
Manufacturing Capabilities
Co. has an installed capacity of 114 mtpa in India with a capacity utilization of 77%. [1]
It has 23 integrated plants and 27 grinding units, seven bulk terminals, two white cement and putty plants and over 100 ready mix concrete plants. Its operations span across India, the UAE, Bahrain, Bangladesh and Sri Lanka. No region accounts for more than 25% of sales. [2] [3]